Sir
i have taken ahome loan and getting housing loan benefit.
The house is located in my city of work place.But i live with my father in other city
The house is registered in my wife name whose emi i am paying.
Now i want to pay house rent to my father in other city(house in my father name)
Can i do the same and claim both hra and house loan benefit.
Kindly help

Greetings members , I have a query for journal entry on provison for landfil site ie the previous year provisions (Balance sheet) was R28 million and the current year is R23 million ,

So what entry to process , do we debit provision by R5 million(Reduce the provision R28 prior year - R23 million current year) and where the other leg (credit) must go?

Thanking you in advance,

sir, i am a article trainee under a particular firm and our that firm has been closed and new partnership firm has been formed so, can u explain me the procedure how to get registered my article training under the new firm or it will automatically get transfered

pls tel me a complit detail about frm and salary paid

Can a partnership firm who is not liable for tax audit will eligible to claim benefit of sec. 35D.

can we file belated return for assyr 11-12
now,having refund of around 10000/-.

dear experts

Every time I read Income tax return Form can be filed with the Income Tax Department by furnishing a Bar-coded return.

can you please make me understand that what is Bar Coded Return ?

Dear all,

Our client is a resident association. Their income is not taxable on the basis of principle of mutuality. But in the last year they offered income for tax. Now department issued a notice to pay higher tax. can they apply for exemption based on the principle of mutuality. How we can claim this while filing returns..

thanks and regards...

EXPERTS,

We are receiving Advocate service of Rs. 10,000/- in a year of which we are liable to pay service tax of Rs. 1236/-, according to reverse charge mechanism.

My question is for only Rs. 1236/- service tax for the year we have to take new registration number and also required to file service tax return.

Cost of which is equal to Rs. 10,000/-.

Seems to unfare.

can anyone explain me if basic exemption limit is adjustable in short term capital gain if there is no other income.